Michael Saylor Speaks Out on Spot Bitcoin ETFs; How Bitcoin Could Hit $160K Next Year

A Bitcoin bull is betting on a spot. Bitcoin ETF approval and analysts predict Bitcoin could hit six figures next year. You're watching Coin desk daily, I'm your host, Jen Sani Microstrategy's executive chairman Michael Saylor told Bloomberg this week that markets shouldn't underestimate the significance of spot. Bitcoin ETF S. He stated in part quote, it's not unreasonable to suggest that this might be the biggest development on Wall Street in 30 years. End quote. Microstrategy is the largest corporate holder of Bitcoin crypto predicts Bitcoin will skyrocket next year. Thanks to factors like network activity, the Bitcoin having and an expected Bitcoin spot ETF approval. Analysts say these catalysts and historical behavior could catapult Bitcoin to as high as $160,000 in a widely expected bull market that may kick off in 2024. And a published memo reveals that representatives from Blackrock NASDAQ and the EC met for the second time in a month to discuss rule changes that are necessary to list a Bitcoin. ETF the rule focuses on establishing specific criteria and regulatory guidelines for the listing and trading of commodity based trust shares on the NASDAQ exchange. Stay tuned for more news on the much anticipated spot. Bitcoin ETF approvals right here on coindesk.com. You're watching Coin Desk Daily. We'll see you next time.